Weegy: C. a discount of 4% will be allowed if payment is made by the 15th of the month. User:
A discount offered as an inducement for prompt payment of an invoice is called a(n)
(Points : 3)
trade discount.
invoice discount.
early discount
cash discount. Weegy: A discount offered as an inducement for prompt payment of an invoice is called a: cash discount.
User:
Purchases Returns and Allowances is a contra-purchases account. (Points : 3)
True
False
Weegy: Purchases Returns and Allowances is a contra-purchases account. This is TRUE. User:
Assume the gross amount of an invoice is $100 and a discount of 20% is allowed. The amount of the trade discount totals
(Points : 3)
$20.
$65.
$40.
$80. (More)